HSBC cranks up the pressure on Huishan Dairy

Banks seemingly loses patience with a company whose troubles have underlined investor concerns about financial disclosure in China.

Huishan Dairy, the embattled Chinese company, faces a deepening debt crisis after HSBC, on behalf of five other banks, demanded the repayment of loans totaling $220 million, highlighting the perils of investing in China's more esoteric sectors.

¬ Haymarket Media Limited. All rights reserved.

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